After the completion of the listing, the combined shareholdings of Mr and Mrs Cheung would be reduced to 61.8 per cent from 90 per cent.
The new shares' issue price was set at HK$1 each, representing a price-earnings ratio of 5.94 times.
Ahead of the flotation, according to the prospectus released yesterday, the couple had received a special dividend of HK$10 million.
Finance director Kevin Lau said yesterday that the special dividend - paid from the company's internal resources - was a reward to the two directors for the contribution that they had made to the company.
For the year to March, Rontex International also increased the couple's dividend by 5.5 per cent to HK$9.5 million, against a 2.5 per cent growth in net profit to HK$22.63 million.
Mr Lau rejected suggestions that the generous dividend payments might have an impact on the company's operating capital resources, saying its cash reserves stood at HK$3 million.
The company, mainly involved in the sourcing, sale and manufacturing of garment products in mainland and their export to Chile, said it had generated net profit of HK$15 million for the five months to August.
It forecast profit growth of 32.5 per cent to HK$30 million for the year to March 2003.
An estimated final dividend of 5 HK cents will be given next year, representing a pro-forma dividend yield of about 5 per cent based on the offer price.
Trading of garment products contributed to more than 90 per cent of Rontex International's profit. Sales to Chile, accounted for 84 per cent of its turnover.
Last year, China exported about US$221 million of knitted and woven clothing to Chile, making it the country's largest supplier.
'We will continue to strengthen our leading position in the South America market while also extending our presence in the international arena such as in Japan, Korea and Europe,' said Mr Cheung.
Applications for the new shares will close on Thursday at noon and dealing in the shares begin on November 8.
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